PMT DBTakes
Loss
Billy Football
#PMT-2020-1120-12944
Billy FootballA parlay strategy involving five underdogs has a 50% likelihood of profit
I plugged in 32 outcomes, and then once each outcome happens, you see how much money you stand on winning in that moment... this actually has a 50% likelihood of being positive.
Standard gambling math shows that multi-leg parlays are negative expected value bets. Billy's specific formula was widely debunked by listeners following the episode.